Germany warns on state aid ahead of Opel talks

ERJ staff report (ANE)

Berlin (Reuters) — The German government is ready to talk with troubled carmaker Opel, but will not offer blanket aid to entire industries suffering due to the financial crisis, Finance Minister Peer Steinbrueck said.

Opel, a unit of U.S. automaker General Motors, has asked the federal government and German states to help it weather a financial rough patch that has been aggravated by the troubles of its parent company. Chancellor Angela Merkel is due to meet with Opel representatives on Monday afternoon. Officials…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with